NOMURA CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 12% Increase, Adds to Record High Profit Forecast, Dividend Revised Upward by 10 yen

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Fri Sep 13, 2024 3:00 pm JST Earnings

7131 NOMURA CORPORATION 【J-GAAP】

Earnings Report

NOMURA CORPORATION <7131> [TSE-S] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 12.3% from the same period last year, reaching 402 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 26.6%, from the previous forecast of 394 million yen to 499 million yen (compared to 446 million yen in the previous period), record profits reach four consecutive terms, turning to a 11.9% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the May to October period (second half) is expected to increase by 86.1%, from the previous forecast of 122 million yen to 227 million yen (compared to 191 million yen in the same period of the previous year), turning to a 18.8% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 45 yen to 55 yen (compared to 52 yen in the previous period)

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit grew by 26.2% from the same period last year, reaching 130 million yen. The operating profit margin improved from 7.3% in the same period last year to 8.2%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Nov - Jul, 2021	3,870	243	240	146	105.7	64.9	Sep 13, 2022	J-GAAP
Nov - Jul, 2022	4,450	359	358	227	172.1	80.3	Sep 13, 2023	J-GAAP
Nov - Jul, 2023	4,777	398	402	258	195.3	80.6	Sep 13, 2024	J-GAAP
YoY	+7.3%	+10.9%	+12.3%	+13.7%	+13.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Prev	3,058	137	122	72	54.5	45	Jun 11, 2024	J-GAAP
May - Oct, 2024 New	3,291	223	227	146	110.4	55	Sep 13, 2024	J-GAAP
Revision Rate	+7.6%	+62.8%	+86.1%	+102.8%	+102.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2024 Prev	6,269	407	394	246	186.0	45	Dec 14, 2023	J-GAAP
Oct, 2024 New	6,502	493	499	320	242.0	55	Sep 13, 2024	J-GAAP
Revision Rate	+3.7%	+21.1%	+26.6%	+30.1%	+30.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	2,941	192	191	126	95.4	52	Dec 14, 2023	J-GAAP
May - Oct, 2024 Guidance	3,291	223	227	146	110.4	55	Sep 13, 2024	J-GAAP
YoY	+11.9%	+16.1%	+18.8%	+15.9%	+15.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	5,458	375	370	239	175.4	42	Dec 14, 2022	J-GAAP
Oct, 2023	5,972	448	446	290	219.6	52	Dec 14, 2023	J-GAAP
Oct, 2024 Guidance	6,502	493	499	320	242.0	55	Sep 13, 2024	J-GAAP
YoY	+8.9%	+10.0%	+11.9%	+10.3%	+10.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	1,419	103	103	63	47.8	7.3	Sep 13, 2023	J-GAAP
Aug - Oct, 2023	1,522	89	88	63	47.7	5.8	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	1,534	122	124	75	57.2	8.0	Mar 12, 2024	J-GAAP
Feb - Apr, 2024	1,677	148	148	99	75.0	8.8	Jun 11, 2024	J-GAAP
May - Jul, 2024	1,566	128	130	84	63.6	8.2	Sep 13, 2024	J-GAAP
YoY	+10.4%	+24.3%	+26.2%	+33.3%	+33.1%